Dec 24, 2020, 6:00 am 4.9K Shares
These are the colorful cans of Bootstrap Brewery’s new non-alcoholic IPA beer called Strapless at Bootstrap Brewery on Dec. 7, 2020 in Longmont. (Helen H. Richardson, The Denver Post)
On a sunny December morning in Longmont, Mike Kasian hooked up a keg of beer to a tall, shiny metal machine covered with sensors, tubes and dials.
As Bootstrap Brewing‘s canning machine whirred away in the background and staff members loaded six-packs of beer onto pallets, Kasian fiddled with a few of the machine’s valves and levers, then tapped on its touchscreen for a few seconds.
Spending bill includes $110 billion in tax breaks
By Yeganeh Torbati The Washington Post,Updated December 22, 2020, 5:39 p.m.
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The motorsports entertainment industry, including NASCAR, got a tax break allowing for the faster write-down of costs related to their complexes.James Gilbert/Getty
WASHINGTON â Congress on Monday unveiled a 5,593-page spending bill and then voted on it several hours later, with lawmakers claiming urgent action was needed to rescue an ailing economy ravaged by the coronavirus pandemic.
But tucked in the bill was more than $110 billion in tax breaks that strayed far from the way the bill was marketed to many Americans. These giveaways include big tax cuts for liquor producers, the motorsports entertainment sector, and manufacturers of electric motorcycles.
Congress packed stimulus with corporate welfare njtoday.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from njtoday.net Daily Mail and Mail on Sunday newspapers.
President Donald Trump on Tuesday is expected to sign into law a $900 billion COVID-19 relief package that will send payments of $600 to millions of Americans and provide a financial lifeline for thousands of struggling businesses across the country.
The help includes a measure that could save Maine craft breweries over $1 million a year in taxes. The state’s loggers, shipbuilders and others may benefit from the omnibus legislation too.
After being mired in months of political stalemate, the package on Monday passed both houses of Congress by lopsided margins and went to Trump’s desk Tuesday morning. Among the provisions is the Craft Beverage Modernization and Tax Reform Act, which lowers the federal excise tax on beer, wine and spirits from small producers.